What is IOTA?
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What is IOTA?
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What is IOTA?
IOTA (MIOTA) is a cryptocurrency that was designed in 2016 for the Internet of Things (IoT). What is the Internet of Things? We typically think of the internet as a computer connection, but today it's much more than that. Simply put, it's a concept (not a technology) that aims to extend the internet and therefore data exchange to objects in the physical world. These objects can take any form (car, watch, gadget of any kind, etc.). These connected objects have the particularity of not operating autonomously but rather capturing and transmitting information with other connected objects.
Unlike Bitcoin, IOTA does not use blockchain technology to manage its transaction ledger. IOTA has instead opted for the "Tangle," an acyclic graph called DAG (Decentralized Acyclic Graph). This new technology is supposed to correct many of the problems encountered during Bitcoin's rise, such as scalability and transaction fees.
#iota #tangle #cryptocurrency